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Statoil's Share Saving Plan Allocates Shares

STAVANGER, Norway, Jan. 17, 2014 (GLOBE NEWSWIRE) --
The shares purchased by DNB on behalf of Statoil ASA (OSE:STL, NYSE:STO) on 15 January 2014 for use in the group's share saving plan have on 17 January 2014 been distributed to the employees in accordance with their savings amount.

In addition, bonus shares have been allocated based on participation in the program in 2011.

Following this, the share saving plan has 7,282,552 shares.

As participants in the share saving plan, the primary insiders below have been allocated bonus shares in accordance with their saving plan in 2011, at a price of NOK 152.91 per share.

Name

Allocated shares

New share holding

Adams, Robert

727

10,084

Bacher, Lars Christian

1,021

19,229

Bjørn, Benedikte Bettina

141

1,233

Di Valerio, Ingrid Elisabeth

184

1,962

Dodson, Timothy

911

20,754

Gjærum, Reidar

759

19,717

Klouman, Hans Henrik

1,109

16,439

Knight, John Nicholas

1,787

53,136

Kvelvane, Ørjan

356

2,065

Lund, Helge

442

61,593

Reitan, Torgrim

693

20,994

Skeie, Svein

752

16,305

Øvrum, Margareth

1,204

33,531

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.